Symphony Looks for Loan Forgiveness
Prince George, B.C. – For the second time this year City Council will be asked to forgive a loan to a local organization.
The Prince George Symphony Orchestra was given a loan of $50 thousand dollars in 2005. There is still $17,500 owing to the City.
Tonight, the Symphony will make a presentation to Council, asking that the balance of the loan be forgiven.
In January of this year, Council rejected forgiving the outstanding balance of a loan given to the Prince George Agriculture and Historical Society (BCNE) and instead directed Administration to work with the BCNE to rework the terms of repayment.
Also on the agenda for this evening’s regular meeting, the details of the Licence Plate Recognition program and changes to the parking fines ( see previous story).
Council will also examine a water conservation plan aimed at reducing water consumption in the City. The plan calls for a number of actions including a phased system of water use restrictions during extended hot spells, a continuation of the voluntary water metering system and improved leak detection.
In 2005, the City had set out a plan to see water consumption drop by 15% in ten years. Studies show overall water use reduction from 2005 to 2015 had dropped by just 5%.